Russia’s grain exports drops 1.5 times

UrBC, Moscow, September 15, 2015. Russia got 5.283m tons of our wheat grains exported as of September 9, which was 1.5 times less than a year earlier, the Agriculture Ministry reports.

‘6,786m tons of grains were exported altogether, including 5,283m tons of wheat, 1,258m tons of barley, 204,000 tons of corn, and 41,000 tons of other crops,’ the Ministry says.

A year earlier, the export figures stood at 8,753m tons, including 7,687m tons of wheat. The Agriculture Ministry’s forecast is that this year’s overall grain yield could reach 103m tons, with 25 to 30m tons available for export, RIA Novosti reports.

The Ministry also points to the growing wholesale wheat and rye flour prices in the European part of Russia. First-rate wheat flour was offered for 15,740 RUR per 1,000 kg as of September 14 (up 0.6% on a week earlier).